Wages’ Impact on Employment in the Extreme North of Russia

The article examines the wages’ impact on employment in the Extreme North of Russia. The paper highlights the unique features of the labor markets of the Extreme North, which could influence on the labor supply and demand. Using the aggregate regional data from 2005 to 2013 the author estimates fixe...

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Bibliographic Details
Published in:Spatial Economics
Main Author: Marina Andreyevna Giltman
Format: Article in Journal/Newspaper
Language:Russian
Published: Economic Research Institute of the Far East Branch of the Russian Academy of Sciences 2016
Subjects:
the Extreme North
regional (local) labor markets
employment
labor demand
labor supply
wages
Russia
Economics as a science
HB71-74
Extreme North of Russia
Online Access:https://doi.org/10.14530/se.2016.1.060-080
https://doaj.org/article/47d7d85fa9b74777867290aac8764a8f
Description
Summary:The article examines the wages’ impact on employment in the Extreme North of Russia. The paper highlights the unique features of the labor markets of the Extreme North, which could influence on the labor supply and demand. Using the aggregate regional data from 2005 to 2013 the author estimates fixed effects models with the independent variables such as the number of employed and unemployed and migration balance. The study shows that in the Extreme North of Russia wages significantly affect not only the number of employed, but also the number of unemployed and migrant workers. The paper also reveals that the labor supply exceeds its demand and migration plays a key role in balancing the labor markets of the mentioned territories

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